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20120925
20121003
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Q & A 3
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CSPAN 3
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Search Results 0 to 2 of about 3 (some duplicates have been removed)
CSPAN
Oct 1, 2012 6:00am EDT
the money back to the in united states. it sounds rational and ok. what has happened is things are so complicated now that companies invent -- big, multi- national companies invent subsidiaries in all the parts of the world, and apple does this and google does it and cisco. they invent the subsidiaries where the profits are supposedly made in some tax haven where the company has nothing but a law firm and you do not pay tax. this is the only thing we could not reconcile. i think if you adopt the idea that you continue to defer taxes overseas, that no american company will ever report earning a penny in the united states because they will set up all this crazy stuff. >> the further problem is if they would pay u.s. taxes, if the money were brought in the united states, and the tax rate is the highest in the world, then they do not bring the money back into the united states. they are constantly being accused of doing all of their investment and hiring and so forth in other countries. part of the reason is they are hugely disincentivized to bring the money back. we agree the current sys
Search Results 0 to 2 of about 3 (some duplicates have been removed)